Goldman Sachs Group Inc. Increases Stake in Simpson Manufacturing Company, Inc. (SSD)

Goldman Sachs Group Inc. increased its holdings in Simpson Manufacturing Company, Inc. (NYSE:SSD) by 83.6% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 186,142 shares of the construction company’s stock after purchasing an additional 84,743 shares during the period. Goldman Sachs Group Inc. owned approximately 0.39% of Simpson Manufacturing worth $8,137,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Karp Capital Management Corp bought a new stake in Simpson Manufacturing during the 1st quarter valued at $521,000. Parametric Portfolio Associates LLC raised its holdings in Simpson Manufacturing by 4.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 73,123 shares of the construction company’s stock valued at $3,151,000 after buying an additional 2,971 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Simpson Manufacturing by 49.8% during the 1st quarter. Victory Capital Management Inc. now owns 5,095 shares of the construction company’s stock valued at $220,000 after buying an additional 1,693 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in Simpson Manufacturing by 33.3% during the 1st quarter. OppenheimerFunds Inc. now owns 15,746 shares of the construction company’s stock valued at $679,000 after buying an additional 3,937 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Simpson Manufacturing by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 325,746 shares of the construction company’s stock valued at $14,036,000 after buying an additional 8,473 shares during the last quarter. 83.63% of the stock is owned by institutional investors.

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A number of research firms recently commented on SSD. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, July 25th. Robert W. Baird reiterated a “hold” rating and set a $46.00 price target on shares of Simpson Manufacturing in a report on Friday. Finally, BidaskClub lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th.

In other news, major shareholder Sharon H. Simpson sold 29,593 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $49.20, for a total transaction of $1,455,975.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Psb Fund Simpson sold 72,424 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $49.23, for a total transaction of $3,565,433.52. Following the sale, the insider now directly owns 1,266,213 shares of the company’s stock, valued at $62,335,665.99. The disclosure for this sale can be found here. Insiders have sold 671,220 shares of company stock valued at $14,566,815,257 over the last three months. Insiders own 0.36% of the company’s stock.

Shares of Simpson Manufacturing Company, Inc. (NYSE SSD) opened at 49.58 on Friday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 24.19 and a beta of 1.40. The company’s 50-day moving average is $47.98 and its 200-day moving average is $43.93. Simpson Manufacturing Company, Inc. has a 12-month low of $39.82 and a 12-month high of $50.10.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The company had revenue of $263.00 million during the quarter, compared to analyst estimates of $259.05 million. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. Simpson Manufacturing’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. Analysts predict that Simpson Manufacturing Company, Inc. will post $2.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend

Several other institutional investors have also made changes to their positions in the company. Karp Capital Management Corp bought a new stake in Simpson Manufacturing during the 1st quarter valued at $521,000. Parametric Portfolio Associates LLC raised its holdings in Simpson Manufacturing by 4.2% during the 1st quarter. Parametric Portfolio Associates LLC now owns 73,123 shares of the construction company’s stock valued at $3,151,000 after buying an additional 2,971 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Simpson Manufacturing by 49.8% during the 1st quarter. Victory Capital Management Inc. now owns 5,095 shares of the construction company’s stock valued at $220,000 after buying an additional 1,693 shares during the last quarter. OppenheimerFunds Inc. raised its holdings in Simpson Manufacturing by 33.3% during the 1st quarter. OppenheimerFunds Inc. now owns 15,746 shares of the construction company’s stock valued at $679,000 after buying an additional 3,937 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Simpson Manufacturing by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 325,746 shares of the construction company’s stock valued at $14,036,000 after buying an additional 8,473 shares during the last quarter. 83.63% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This piece was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was illegally copied and republished in violation of international copyright law. The legal version of this piece can be viewed at https://ledgergazette.com/2017/10/21/goldman-sachs-group-inc-increases-stake-in-simpson-manufacturing-company-inc-ssd.html.

A number of research firms recently commented on SSD. Zacks Investment Research upgraded shares of Simpson Manufacturing from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday, July 25th. Robert W. Baird reiterated a “hold” rating and set a $46.00 price target on shares of Simpson Manufacturing in a report on Friday. Finally, BidaskClub lowered shares of Simpson Manufacturing from a “buy” rating to a “hold” rating in a report on Wednesday, August 16th.

In other news, major shareholder Sharon H. Simpson sold 29,593 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $49.20, for a total transaction of $1,455,975.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Psb Fund Simpson sold 72,424 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $49.23, for a total transaction of $3,565,433.52. Following the sale, the insider now directly owns 1,266,213 shares of the company’s stock, valued at $62,335,665.99. The disclosure for this sale can be found here. Insiders have sold 671,220 shares of company stock valued at $14,566,815,257 over the last three months. Insiders own 0.36% of the company’s stock.

Shares of Simpson Manufacturing Company, Inc. (NYSE SSD) opened at 49.58 on Friday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 24.19 and a beta of 1.40. The company’s 50-day moving average is $47.98 and its 200-day moving average is $43.93. Simpson Manufacturing Company, Inc. has a 12-month low of $39.82 and a 12-month high of $50.10.

Simpson Manufacturing (NYSE:SSD) last posted its quarterly earnings data on Thursday, July 27th. The construction company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The company had revenue of $263.00 million during the quarter, compared to analyst estimates of $259.05 million. Simpson Manufacturing had a net margin of 10.78% and a return on equity of 10.26%. Simpson Manufacturing’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 earnings per share. Analysts predict that Simpson Manufacturing Company, Inc. will post $2.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 5th will be paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Wednesday, October 4th. Simpson Manufacturing’s dividend payout ratio is currently 40.98%.

About Simpson Manufacturing

Simpson Manufacturing Co, Inc, through its subsidiary, Simpson Strong-Tie Company Inc (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company’s segments are North America, Europe, Asia/Pacific, and Administrative & All Other.

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Institutional Ownership by Quarter for Simpson Manufacturing (NYSE:SSD)

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